A board member of IT services firm said that six to seven companies are ready to take over Satyam computers completely besides the private equity funds it also includes global and Indian IT firms.
earlier this week government had appointed Goldman Sachs and Avendus Capital as investment bankers to Satyam Computers, It said that the investment bankers will lookinto this matter seriously and will evaluate their proposals as the process will take a little longer it is expected to be over by next month, However on the other side Mr Tarun Das refused to reveal the names of the companies that are standing as potential suitors for Satyam.
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L&T, Market Today, maytas, Satyam saga
SATYAM COMPUTER stock price crashed another 14% on reports of Wipro’s denial to buy stake in the company.
Satyam computer’s share price has fallen nearly 40% since the company called off the deal to buy stake in the MAYTAS (owned by the promoter family) The stock has seen huge volumes since then and the investors and the trader have been selling the shares in market, if one has to go by the market rumors the stock may plunge to sub Rs.100 levels.
Fundamental analyst says the counter may have seen the steep fall and at current market price of 140 the stock seems to be attractive investment. But they also have a view that the stock price may rise only if there is any change in the satyam’s top management.
Analysts feel technically the stock has good support near Rs.140. below which the stock may see further fall
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IT Companies, maytas, satyam computer, stock price, support